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Short Takes: Is the CFPB Overstaffed? / Dealing with Examiners: Put Them in the Basement and Turn Off the AC / Are AMCs Mortgage ‘Pimps’? / Applications Spike / Speaker of the House Jeb Hensarling?

June 11, 2014
Brandon Ivey and Paul Muolo
“I’m tired of having the AMC acting as my pimp," said one appraiser. "The current situation is ruining the appraisal profession and turning appraisers into whores for the AMCs."
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CFPB Honcho Cracks Jokes at Compliance Show, Takes Credit for Employment in the Sector

June 10, 2014
Thomas Ressler
“I understand this is the largest attended ABA compliance conference. You’re welcome,” dead-panned CFPB official Steve Antonakes. “We'll see what we can do this year to boost your numbers a little more next year.”
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Short Takes: Suddenly, Everyone is Going Non-QM / Is FHFA Punting on a CEO for the Common Securitization Platform? / Consumers Continue to Complain to the CFPB About Mortgage Lenders / Bill Could Bring Certain QM Relief

June 10, 2014
Brandon Ivey and Paul Muolo
We’re hearing unconfirmed reports that the Federal Housing Finance Agency may not hire a chief executive and chairman for the common securitization platform project after all…
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Envoy Names Successor to Departed CEO Thompson, Who Remains as Owner

June 9, 2014
Paul Muolo
It remains unclear why Rick Thompson departed Envoy Mortgage as its CEO.
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What We're Hearing: Can Mel Watt Save the Mortgage Industry? / Finally, We Have G-Fee Parity! / Millennials Won’t Give Up Those Cell Phones to Save for a Mortgage / Hundreds of Lenders Have Already Closed Their Doors? / Hope for Nonprime?

June 6, 2014
Paul Muolo
One last thought on Mel Watt, FHFA and expanding the credit box: Members of the GOP who were big boosters of the recently departed Ed DeMarco will probably read the g-fee comment notice and have a fit…
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Short Takes: Clayton Hiring? / ECB Cuts Rates, Which Means U.S. Rates May Fall / MGIC Keeps Getting Stronger / National MI Ramps Up

June 5, 2014
Paul Muolo
Is Fannie Mae’s stock a screaming buy as Pershing Square hedge fund chief Bill Ackman recently suggested?
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Stone Point and Willie Newman Plan to Spend a Ton on Mortgage Firms

June 4, 2014
Paul Muolo
“We have a lot of plans,” Newman told IMFnews. “We plan to be in originations, servicing, capital markets and multi-channel production.”
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Short Takes: Correspondent Buyers Getting Picky? / Wells Fargo Choosey on HELOCs? / BofA Likes Home Equity Loans / When in Doubt, Recruit Top Talent / FHLB Advances Take a Dip

June 3, 2014
Paul Muolo and Charles Wisniowski
It’s no secret that aggressive mortgage banking firms are recruiting top executives and loan officers away from other firms. One of the busiest recruiters that we know of its Mortgage Master of Walpole, MA.
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RBS Cuts MBS Trading Operations, No Word from Managing Director Frank Skibo

May 30, 2014
Paul Muolo
There seems to be a growing trend of foreign banks rethinking their position in the U.S. mortgage market.
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What We’re Hearing: Why The ‘Lawsky Effect’ May Hammer NSM, OCN, WAC / $61 Billion in MSRs Still Up Grabs? / 40 Percent of Lenders May Disappear? / LenderLive Will Buy Jumbos / San Antonio Lenders Ask: Julian Who?

May 30, 2014
Paul Muolo
A new poll on the Inside Mortgage Finance website tells the story: Just 24 percent of respondents want Fannie Mae and Freddie Mac taken out to the Jersey Meadowlands by Luca Brasi. (Leave the gun, take the cannolis.)
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